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BioMimetic Therapeutics Inc. Message Board

  • ripper5757 ripper5757 Jan 8, 2013 3:15 PM Flag

    OT----- uniowner

    if you are looking for a spec.stock take a gander at CBLI
    it's not far from the low's within the last year and has been climbing steadily from the 1st of JANUARY
    the company is located not far from where i live BUFFALO N.Y. so i have followed it for the last few years seems to me that somebody wants in as it has been over the daily shares traded for over a week
    if you like it it's worth a few $$$$$ but don't go to big
    good luck whatever you decide

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    • ripper, it looks like an interesting play from what I have briefly read. Are they in any Phase III studies currently that could provide a spike in the next 6 months? If not it looks like they will need to raise cash as their 20 million as of last quarter is only enough to get them through the spring based on their burn rate according to the one analyst estimates Yahoo cites. That is the one thing that scares me about them is dilutive financing that may be needed unless they recently secured a LOC to get them through 2013 that I don't know about?

      • 1 Reply to uniowner
      • i know they got money last year but as you say they probably will need additional money
        i have been in and out a couple of times in the last 3 years and they seem to get grants from the govenment , it has been kind of busy the last week or so and that is one of the reasons that i bought back in today seems like people want back in after the tax selling in early december